Hekla Partners, LP is a hedge fund based in New York, New York. According to its most recent Form D, filed Jan 31, 2025, the fund has sold $1,628,000 of interests to 27 investors since its first sale in Feb 2022. The minimum investment it accepts from an outside investor is $15,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Steven Schwartz; Alec Prostok; Hekla Management LLC.
Performance
No returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $1,628,000Cumulative sales reported on Form D
- Investors
- 27
- First sale
- Feb 18, 2022
- Minimum investment
- $15,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Steven Schwartz; Alec Prostok; Hekla Management LLC
- Latest Form D
- Jan 31, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Hekla Partners, LP
What is the minimum investment for Hekla Partners, LP?
According to its latest Form D, filed Jan 31, 2025, the minimum investment Hekla Partners, LP accepts from an outside investor is $15,000.
Who can invest in Hekla Partners, LP?
Hekla Partners, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Hekla Partners, LP raised?
Hekla Partners, LP reports $1,628,000 sold from 27 investors on its Form D filed Jan 31, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Hekla Partners, LP based?
Hekla Partners, LP is based in New York, New York.
When did Hekla Partners, LP launch?
Hekla Partners, LP reports its first sale in Feb 2022, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 13% of the 2,527 hedge funds based in New York, and more than 8% of all 10,134 that report sales.